Arrow Electronics, Inc. (ARW) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered its stake in Arrow Electronics, Inc. (NYSE:ARW) by 1.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,423,518 shares of the technology company’s stock after selling 79,596 shares during the period. JPMorgan Chase & Co. owned 6.19% of Arrow Electronics worth $417,720,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. raised its stake in shares of Arrow Electronics by 4.9% during the first quarter. BlackRock Inc. now owns 8,703,890 shares of the technology company’s stock valued at $670,375,000 after acquiring an additional 403,632 shares during the last quarter. Longview Partners Guernsey LTD raised its stake in shares of Arrow Electronics by 0.6% during the fourth quarter. Longview Partners Guernsey LTD now owns 2,953,321 shares of the technology company’s stock valued at $237,477,000 after acquiring an additional 17,217 shares during the last quarter. LSV Asset Management raised its stake in shares of Arrow Electronics by 0.9% during the fourth quarter. LSV Asset Management now owns 2,264,525 shares of the technology company’s stock valued at $182,090,000 after acquiring an additional 19,185 shares during the last quarter. Kiltearn Partners LLP raised its stake in shares of Arrow Electronics by 1.6% during the fourth quarter. Kiltearn Partners LLP now owns 1,623,700 shares of the technology company’s stock valued at $130,562,000 after acquiring an additional 26,300 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of Arrow Electronics by 6.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,595,679 shares of the technology company’s stock valued at $128,308,000 after acquiring an additional 97,590 shares during the last quarter. 92.70% of the stock is owned by hedge funds and other institutional investors.

In related news, insider Mary Catherine Morris sold 3,545 shares of Arrow Electronics stock in a transaction on Monday, February 26th. The shares were sold at an average price of $82.43, for a total transaction of $292,214.35. Following the completion of the transaction, the insider now owns 20,742 shares of the company’s stock, valued at $1,709,763.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Vincent P. Melvin sold 3,125 shares of Arrow Electronics stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $82.64, for a total transaction of $258,250.00. Following the transaction, the insider now directly owns 18,371 shares of the company’s stock, valued at approximately $1,518,179.44. The disclosure for this sale can be found here. Insiders have sold 57,658 shares of company stock valued at $4,778,899 in the last three months. 1.30% of the stock is owned by insiders.

ARW has been the subject of several analyst reports. Raymond James raised shares of Arrow Electronics from a “market perform” rating to a “strong-buy” rating and set a $93.00 price target for the company in a research note on Monday, February 12th. Zacks Investment Research raised shares of Arrow Electronics from a “hold” rating to a “buy” rating and set a $86.00 price target for the company in a research note on Thursday, April 12th. ValuEngine downgraded shares of Arrow Electronics from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. Pivotal Research initiated coverage on shares of Arrow Electronics in a research note on Tuesday, February 13th. They set a “buy” rating and a $98.00 price target for the company. Finally, Stifel Nicolaus dropped their price target on shares of Arrow Electronics from $92.00 to $85.00 and set a “buy” rating for the company in a research note on Friday, May 4th. One research analyst has rated the stock with a sell rating, three have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $87.40.

Shares of NYSE ARW opened at $74.22 on Friday. Arrow Electronics, Inc. has a twelve month low of $72.31 and a twelve month high of $87.26. The firm has a market cap of $6.50 billion, a P/E ratio of 9.82, a PEG ratio of 0.72 and a beta of 1.17. The company has a quick ratio of 1.18, a current ratio of 1.69 and a debt-to-equity ratio of 0.69.

Arrow Electronics (NYSE:ARW) last announced its earnings results on Thursday, May 3rd. The technology company reported $1.88 earnings per share for the quarter, topping analysts’ consensus estimates of $1.82 by $0.06. Arrow Electronics had a net margin of 1.53% and a return on equity of 14.41%. The business had revenue of $6.88 billion during the quarter, compared to the consensus estimate of $6.66 billion. During the same quarter last year, the firm earned $1.46 earnings per share. Arrow Electronics’s quarterly revenue was up 19.9% on a year-over-year basis. research analysts predict that Arrow Electronics, Inc. will post 8.78 EPS for the current fiscal year.

Arrow Electronics Profile

Arrow Electronics, Inc provides products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions worldwide. The company operates in two segments, Global Components and Global Enterprise Computing Solutions. The Global Components segment markets and distributes semiconductor products and related services; passive, electro-mechanical, and interconnect products consisting primarily of capacitors, resistors, potentiometers, power supplies, relays, switches, and connectors; and computing and memory products, as well as other products and services.

Institutional Ownership by Quarter for Arrow Electronics (NYSE:ARW)

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